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Abenomics is In, Merkel's Austerity is Out!

About time too! We are all fed up with German austerity over here in Europe and hopeful that Abenomics will work for Japan (it already looks like it is, Japan is perking up)...

You want additional proof that the world of finance has finally understood that austerity is NOT a cure for debt? Look at Standard & Poor's latest downgrading of Italy to BBB, just two grades above junk status. S&P's reasoning? Italy suffers from a growth problem - over the last decade, real growth has been...negative, -0,04% ! So it's not the debt that's the problem, it's lack of growth!

Good-bye austerity! Ms. Merkel is poised to win re-election on 22 September. But will she have learned her lesson?

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In the 40 years I have lived in Rome, I have never seen the city is such bad shape, graffiti vandalizing graceful, ancient buildings everywhere, piles of dirt and s--t on the sidewalks, potholes in the streets, large enough to trap a scooter's wheel and kill the driver.

A friend of mine, Giuseppe Bonanno, in desperation, put up this blog post that I reproduce here - if you read Italian, you'll find it a good, rousing read...though depressing: When will the newly elected Mayor of Rome, Ms. Raggi do something?

And she's so new to the political game (she comes from the 5 Star protest party) and young (just 37), can she defeat "Mafia Capitale" as it is known here, i.e. the incredible corruption that has been linking local politicians to the Mafia for decades and that has led Rome to this final, dramatic juncture?

So far, what she's done is meet with the Pope, here's the video:

Here's Giuseppe Bonanno's blog post, if you want to read this on his blog, …

I just reviewed Steve Case's bestseller, “THE THIRD WAVE – AN ENTREPRENEUR’S VISION OF THE FUTURE” for Impakter Magazine:

When Steve Case’s book came out on 5 April 2016 (publisher: Simon and Schuster), it was an immediate New York Times and Wall Street Journal sensation, hailed as the number one business book of the year.

Part memoir, part business manual, it’s a must read for at least two reasons: one, because it is a unique memoir from someone who was on the leading edge of the Internet revolution: Steve Case was a co-founder of AOL in 1985, the first Internet company to go public (in 1991), the first to bring millions of Americans online; AOL was a corporate giant that arose a full decade before Google, Amazon and Facebook; Case oversaw the Time Warner-AOL merger in 2000 and became chairman of the combined business, the largest media and communications empire in the world at that time.It is clear that any aspiring entrepreneur could learn from Case’s unique insights into the st…

Another one of my articles published on Impakter - I interviewed the founder of Authorea, a startup for scientists to share and advance research. Here is his picture, his name is Alberto Pepe, he's a young Italian astrophysicist who now lives in New York:

And here is the start of the article:

You’d think that writing scientific papers today, with all the digital tools at hand, would be a breeze. But you’d be wrong. Scientific work is not helped along by the Internet but challenged by it.

Why?

Because scientists, for the most part, still follow traditional methods for sharing their research findings. Or, as young Italian astrophysicist Alberto Pepe put it in an interviewwith Il Corriere della Sera, a major Italian daily, “Scientists today produce 21st century research; they use the writing tools of the 20th century and force their writing into formats similar to those of the 18th century.”

In short, the way scientific articles are written goes back 400 years, and the ability to sha…